Do you want to know what should be the real nightmare for the US car industry? China will soon be capable of selling EVs cheaper than the equivalent internal combustion car from traditional brands. Less than a week ago BYD declared another price war. This time not against other EV makers, but against the likes of VW, Toyota, and GM, and in particular their conventional, internal combustion cars. BYD is now offering medium sedan plug-in hybrids at a price that matches, or even undercuts, the cheapest, entry level medium sedans - not even the hybrids, but the cheaper, internal combustion ones. Even BYD medium sedan EVs are competing in price with the medium price trims of those traditional brand cars. Worse for those brands, BYD isn't doing that as a sale, but as a permanent price reduction. Even worse for them, this isn't fueled by reducing the margins, but by improvements to the manufacture of both EVs and their component parts - and there are enough improvements predicted to happen that BYD should be able to do it again next year, at which point it shouldn't be plugin hybrids undercutting the ICE cars, but instead EVs undercutting the cheapest ICE cars. And to make things even trickier, some of the other China EV brands seem intent on joining this price war. If BYD and other Chinese brands start passing those cost reductions to their export markets they could drive internal combustion cars from traditional brands right out of those markets. The traditional automakers need to learn how to make an EV cheaper than a conventional car, and fast, if they want to keep any market outside the US and perhaps Europe.

This is a nightmare caused by their own corporate culture not able to pivot fast enough. They didn't want this transition to happen too fast for them so down played it hoping it would go away and here we are. They are getting kicked out of China and Europe AND Tesla is destroying them in North America. This is just starting to boil over, nightmare will be a soft descriptor.

Legacy OEMs are digging their own graves. I have no sympathy for them. But I have sympathy for all the workers that will founder in the bloodbath. OEMs have had atleast 12 years to sort this out but CEOs only think in a 3-5 year timeframe.

pretty stunning how often we find ourselves one step behind China. We need to learn how to take the long view.

I think you know, you know.

EV's Are a Nightmare for the Βig Oil companies who pay the media to slander Tesla and EVs in general...

GM used to earn over 2 billion dollars in China , and the figure dropped steeply from 2023 onward due to rapid demand of EV's in China . Price of high quality EV will drop to under $10,000 in the following few years .

The novelty of EVs is gone. It's just another car.

5:51 people don’t concern themselves over whether internal combustion engines are going to be OK in used cars ??? Since when?

I haven't driven in a week. I ride my bicycle each day.

China did not proceed quietly, but specific people outside China chose to ignore them.

Almost the last comment highlights another bit of FUD that news articles spread--will the battery hold up? The truth is that lithium ion batteries with NMC chemistry are expected to last about 300,000 miles. They will outlive the car. Lithium ion phosphate batteries have an expected life of about 1,000,000 miles. A minimum of research would show that replacing the battery really is not a concern for cars manufactured in the last five years or so.

Dude says you know every three or four words

The demand for EV's is high and rising. It is the legacy auto, who cannot deliver, who spreads the rumours of low demand.

Fortunately for the US, there is a new US car maker which will replace legacy auto and have significantly higher margins plus global reach.

The reality is that Detroit can’t profitably produce competitive EVs that consumers want, not compared to Tesla. There is no demand problem. Their dealers aren’t pushing them because all of their profits are tied to servicing ICE vehicles which fall apart and are expensive to maintain and operate by comparison. People wants Teslas

Someone please let the public know that the Tesla Model Y was the number one selling car in the world in 2023.

Just to be clear, the rules about sourcing of materials and components of EVs written into the IRA only apply in order to qualify for the $7500 tax rebate. Manufacturers and customers who don't care about the rebates can choose whatever sources they want for materials and components. This seems entirely proper to me-American tax rebates should only be used to stimulate industry in the USA and perhaps also our friendliest trading partners.

Everything is a nightmare to them. They just like to sit comfortably relying on government subsidies and bailouts and not innovate much. Not unless absolutely necessary, because that would be needles work.

IF WE CAN START THINKING IN TERMS OF EV BEING A CAR, THEN WE WILL HAVE NONE OF THIS DOUBTS - EV DEMAND LIKE ANY CAR DEMAND DEPENDS UPON THE ECONOMY IN GENERAL, INTEREST RATE BUYERS NEED TO PAY, AND SORT OF TAKE TOTAL COST OF OWNERSHIP WILL RULE THE DAMAND. AND USA IS BEST SUITED FOR EVs, AS MOST OF ITS POPULATION LIVES IN SUBURBS AND NOT IN CITIES... MAKES EV OWNERSHIP EASIER

And the ice engine was a nightmare for the guys who cleaned horseshit of city streets. My Tesla kicks the crap outa my previous cars , bmw , Chevy, Vw,ford,Pontiac, and even a Isuzu. It beats them all and I don’t pay for gas , or oil.

If the media in the USA didn't created FUD about EV's then the car companies could easily scale up their supply chain.

what is the car @4:16

Where all the electricity is gonna come from?

The real story. EV's are a night nightmare for *Legacy* auto. Ford/GM/Toyota/etc.. can't get it together. Tesla on the other hand is selling the number 1 car in the world and expanding.

Automakers like xpeng, BYD, and Nio need to be sold in America as well. But of course the United States will put tariffs on them that will make them unaffordable for most Americans so they can prop up the big 3 automakers.

bring the Chinese in to bring the price down and that’s good for the American consumers. it’s the only way to gradually build up a domestic battery capability at this point. And don’t just wait for the next gen battery tech to leapfrog everyone else, but build a million strong work force up and down the battery supply chain right now, even with the help of the Chinese. I would think the battery tech from China will still be useful 20 years later because we can use it for a lot of other things as well. And what is more, we’re more poised for the next gen tech this way. It cannot be bad for America.

I agree those are the numbers could it be that those are government or company on vehicles

The bigger problem is the car-centric city design and planning, or the lack thereof. Car-centric suburbans are known to be highly inefficient and expensive to maintain. We could see tons of issues and keep pouring our tax money into maintaining these blackholes while not making money hand over fist on selling cars and oil.

Tesla producing decent cars at lower prices hurts the lie that ICE is better and your can't make EVs and make money. That's the big lie.

I want a Chinese EV. I have a Tesla but I want access to BYD, and its superior cars, designs and pricing. EVs are the future, if only because they are the future in China, the world's biggest auto market. The US can do what it wants, but it will be left so far behind that it wont' be able to make it up.

I live in rural America and don't know a single person that says they're going to buy a EV.

Chinese automakers are starting to move into Mexico BYD just announced that they are looking for a site to build a manufacturing plant there. That will be their first step towards selling in the USA.

Once upon a time "Cars are a Nightmare for Blacksmiths" no doubt held some weight. Don't be a LUDDITE! Guys are doing all kinds of engine swaps in gas powered cars. Batteries are MODULAR and easy to replicate in terms of physical dimensions. It's exponentially more difficult to get a modern V8 into a 1940's thru 70's car AND YET it's done successfully every week. How naive is it to think that popular cars won't have companies making batteries for them that are better than the batteries they came out with 4 years ago. Stop assessing technology living in real time while talking about the future.

The best thing about our Bolt EV besides the range is the incredibly easy "refueling" at home. I just plug it in at evening and it's full charge in the morning. There were 1960 shorts films about how cars would maintenance free in the future, because all the maintenance would be done automatically at home at night by robotics and automation. Things like fill with gas, change oil, luge, check car systems health. You just got in at morning and drove off, cool because I do that now in 2024.

I'm reminded of Kodak Nokia and Blockbuster

Bloomberg : "EV's Are a Nightmare for the U.S Car Industry" *showing an Italian car on thumbnail.

Tesla is a U.S. car company and it’s thriving, so this title doesn’t work. Demand isn’t the issue as Tesla has proved. Crappy, expensive choices are what’s keeping the legacy guys down. They are having trouble transitioning to the new tech. Ford’s Lightning and Mach E would be huge sellers if they didn’t have so many problems and were priced right. No demand problem. There’s a rotten supply problem. Also, I love the idea that cheap battery materials are a problem for legacy EV makers. Wtf? Strange motives behind this one.

Legacy Auto told us they would have 50 "Tesla killers" by 2020.

China and Korea are the leaders in this space. From what I read, US legacy car makers are making EV's that no one wants - with questionable software and quality assurance. Tesla have been dominant and innovative in the EV space, but need to get a CEO that has their head in the game (and can keep up with BYD).

Global investors and EV customers committed to improving our Global Air Quality...FSR .. Fisker.. 45,000 Reservations for Ocean SUV EVS. Over 90 % Dip year. RIVN.. Rivian...XOS Trucks...Lion Electric School Buses..LEV... Vicinity Motors..VEV and more.

If there was sufficient demand, they'd be motivated.

The way they manufacture these EV you can special order a custom one and have it in a couple of days.

Only legacy automakers are struggling to fit into the EV market. Tesla and China are new kids on the block speaking to a younger audience. Demand for EVs has continued to rise. No one reminds everyone the Model Y is the largest car worldwide. Not an ICE vehicle. Tesla listens to their audience, Highest satisfaction in the industry. Their speed of innovation drives them to a better vehicle with updates over the air on a regular basis. The Chinese similarly are new to the game and not using old methods to make cars. Even Toyota was impressed when a Chinese company made a height change in less than a year to a car.

The same way building quality efficient cars was a nightmare for the Auto industry in the 80s

Spending billion$ on EV charging when enough "ICE charging" (aka gas stations) already exist. Goverments sure know how to waste taxpayers' money . . . . and enforce control.

The recent 2024 Beijing Auto Show featured 117 new chinese EV models. Even German Daimler and VW are adopting the philosophy, "if you can't beat them, join them," and using chinese technology for on board controls, navigation and entertainment in their upcoming models. And rumor has it that Japanese carmakers are exploring similar collaborations. It would be tragic if the Big Three sit still and rely on current US ban on Chinese EV imports (it's not going to work, Mexicans will drive them across the border to sell here, and if they are as cheap & reliable as claimed, Americans will buy them used).

We gave up listening after the 25th "you know"

EV's are impractical, too expensive to purchase and fix, and the infrastructure doesn't yet exist to support them. Also, there is no battery out there that can be fully charged in under 15 minutes - makes long trips a nightmare. Plus the fact that when you consider the polluting processes needed to manufacture them, they turn out not to be "green". Then there is the cost of charging - which is expensive. Impractical....

i own tesla model y 2 years. nothing changed, got 30k miles. NOT single oil change.

It's the shareholders' mistake, they let business graduates run their engineering companies for more profits. Sandy Munro has been publishing about this for years and no one listened. And Tesla's market share is still growing, it is still opening new factories, it is still increasing production, it is still profitable.

EV is a great signal to those big manufacturers where they need to figure out a new way, I would say this isn't a nightmare but a lesson... And for all of the consumers definitely, we benefit from this technology competition. Free market, no tariff, comparative competitiveness, that's all about.

Bloomberg talks bad about Elon, Tesla and Space X all the time!😂

China has virtually a monopoly when it comes to upstream mineral processing for batteries production. Even if US buys batteries manufactured in South Korea or Japan, their raw material such as COBALT SULPHATE or GRAPHITE is from China.

drove my Xpeng G6 5000km cost was a tank of gas... n virtually no maintenance costs... no brainer

EV cars have not used value. China has the engineering and will power to do this. America is good at arguing.

I love how this complaint is bringing manufacturing back to North America .. sure Jan meanwhile China is setting up shop in Mexico .. the thesis of this piece is that us companies can’t set up supply chain in North America yet China is literally doing that right now to supply not only Tesla Mexico but also I believe ford Mexico .. just asinine reporting

The day I buy EV is the day I can swap battery out at a station. My merc is comfy enough.

Battery powered vehicles looking for a solution to a problem that doesn't exist.

Hi from Canada ! No EV in my future ! I’ll stick to my classics and 4x4 crew cabs !

They are commuter cars. Very nice golf cart type things. Worthless in large vehicles like trucks and busses. This winter showed how poorly they fail in the cold.

Tesla begs to differ. It's a U.S. company, you know, more so than Ford or GM. All the protectionism and "incentives" are nightmarish. I agree with you there.

Most of those issues with EVs are unimportant to most EV owners. My Tesla is the most amazing car I’ve ever owned. ( I said amazing. I didn’t say best build) I’m in my 4th. year and the operating costs are maybe 20% of the operating cost of any other car I’ve ever owned. The performance surpasses anything I’ve ever driven.

The excuses continue, meanwhile many of us have been driving EVs for many years and China's kicking arse at making excellent EVS. These attitudes whould have lost ww2.

this guy obviously doesn't own a Tesla, the market is so huge!

Norway too

Yes, their arrival announces the auto industries Kodak moment!

Honda and Toyota are sitting out current EV's. That tells me all I need to know about this craze. They'll wait till there's a real demand for them.

No matter what those near sighted US automakers say.. HYUNDAI is doing it. Though the fear of battery replacement cost from them is truly terrifying.

How could Europe be further along with the transition to EV when they can’t even afford AC in there homes

Why is no one thinking about the waiting times. It takes ~5 mins to fill up, queue and pay. Electric cars take 30+ mins; what happens when we all have electric cars

If you are afraid of a used EV due to the battery and not afraid of a used ICE due to the transmission, engine, exhaust, fuel injectors, etceteras... you are poorly informed.

EV’s… 🔥🔥🔥🔥🔥🤣🤣🤣🤣🤣

No, i think the car buyers who wanted to buy a n EV already bought theirs. And the ones sitting on the fence about EVs will have second thoughts because at this time people are now hearing and reading the drawbacks of owning an EV. Then people like me still think that EV is a niche and not mainstream cuz its too expensive and not practical. For example, an EV truck, when hauling heavy loads, will lose about 50% of their range. Then i dont think the grid is not ready and hidden cost like i will have to pay an electrician to install a 220 v receptacle in my garage..

Where did they find this guy? Come on, do better.

My $5000 lithium ion battery just crapped out ..... 3 years old..... "Not recoverable" ....... No warning ..... Not under warranty

Sanctions is coming to competitor, national security raise 😂😂😂

Enjoying my monthly savings of $400 driving an EV vs ICE F150 5.4l

A good time for people to reacquaint themselves with the documentary who killed the electric car?

All these "challenges" are opportunities unless lazy.

The United States of America won't be here in 50 to 100 years at the rate things are going so we need to get it right like now.

Trust the random guy talking from his bedroom!! blablabla

It is true that the demand for EVs has fallen a bit. My take on this is that the public keeps hearing all the hype (ok, so it’s likely to be true) about all the new battery technology just over the horizon. It will cut the cost, charge times, and radically improve the range, so buyers are delaying purchase as long as they can to get these improvements!!!!

unless the Fed starts fervently buying the yuan there's no way u can build in the US at this exchange rate. China is like Japan before Plaza Accord except it won't listen to US trade rep diktats on export quota like Toyota etc did.

I don’t understand why ev is bad after California promoted tax rebates

It has come the time to walk again :)

No you don’t. You built this you can’t complain

'EV' s weigh three times a regular car, which means it takes three times as much energy to move them. Not saving the planet at all!

But good for... the consumer?

Cut the price, make it affordable even than gasoline cars.

And the US legacy auto makers strategy is working so well now. They are all on the brink and locked out of the largest auto market in the world now. FORD is literally headed to Mexico. Train wreck of their own doing.

Nope in fact rare earth materials have dropped in price by over 50% in 2024... and you can get all you can afford .. no problem.

Hydrogen fuel cells will be perfected for autos in about 8-10 years, and then all of these EVs will be worth absolutely nothing. Green and blue hydrogen will wipe the EV market off the map.

Tesla keeps lowering their prices and it hurts the value of all Electric vehicles. Even Tesla owners get Fked by price cuts.

We just bought our second Tesla this week. No more gas cars in our family. These are the best cars we've ever owned. Yes my wife agrees with me. Currently about the same prices as an 'equivalent' gas car. Cheaper to fuel and maintain and WAY more fun to drive. Best of luck to the OEMs that refused to make this transition until Tesla forced them...

Let the marketplace decide. Government should not be giving tax subsidies. The US Taxpayer is paying for these subsidies. Why should I help someone buy an electric car. If they want one, then go buy one.

Funny how he talks about engines as if they are 'not a worry' when compared to batteries. The fact is that the average ICE car is on the scrap heap before 200,000 miles. There are now thousands of EVs on the road with that mileage and more on the original battery. Typical degradation at that mileage is 10%. Electric motors themselves either seem to fail in the first few thousand miles (

I love living in a world where KZfaqrs make a living out of showing up established media companies for talking utter FUD to please their legacy auto advertising sponsors. And here is the best part: many of those KZfaqrs now have a greater viewership than established media..... the game is up.

Are you sponsored by Toyota?

Hyundai is the number 2 EV car manufacturer in the states and NOT GM. Hyundai has a new plant coming online in 2025 with a possible Giga press . GM has nothing close to that.